Q1, 2012: Kellogg? Disappointed. Unilever? Solid. Pepsi? Bang on target…
There was a mixed bag of Q1, 2012 results for the nation’s biggest food and beverage manufacturers, with strong growth in emerging markets but more sluggish growth at home. Meanwhile, ConAgra’s buying spree continued, Kraft exited Greek yogurt and Chobani was hit with legal action from rival Danone.
Hershey? Hershey sales up 10.7% on strong Easter and international growth
Kellogg? Kellogg blames lackluster Q1 results on ‘continued weakness’ in Europe and high input costs
Unilever? Unilever: Recovery in US economy is mixed and slow
PepsiCo? Pepsi NEXT lures new consumers into cola category as sales exceed expectations
Nestle? Nestlé admits ‘quite dramatic’ US ice cream price hikes as it ditches promotions
Cargill? Food ingredients drive Q3 turnaround at Cargill
Chr Hansen? Chr Hansen shares jump 9% on strong H1 profits
ConAgra? ConAgra Foods’ buying spree continues with Odom’s Tennessee Pride deal
Kraft? Kraft withdrawal shows penetrating US Greek yogurt market isn’t easy: Danone
Hostess? Union leader has ‘zero confidence’ of agreement with Hostess
DuPont? DuPont profit climbs on higher prices and agriculture sales
Flowers Foods? Flower Foods pumps $31m in Tasty Baking factory expansion